DP World Trade Finance has appointed Karim El Tantawi (pictured) as the new Head of Legal. With over 13 years of experience in the legal field, El Tantawi brings a wealth of knowledge and expertise to
Deal & transactions
Egypt
Energy & Trading
Other
Qatar
Libya’s Zliten power plant to be built by Qatari-Egyptian consortium
General Electricity Company of Libya (‘GECOL’) has entered into a Euro1.19bn (USD1.3bn) contract with an Egyptian-Qatari consortium for the construction of the Zliten power station. The power station will be supplied
Banking & Finance
Egypt
Energy & Trading
Clifford Chance advises on Red Sea wind energy project in Egypt
Clifford ChanceClifford Chance has advised the sponsors Engie, Toyota Tsusho & Eurus and Orascom Construction in relation to the 500mw Red Sea wind energy project in Egypt. has advised the sponsors Engie, Toyota Tsusho &
Shalakany advised Liquid Intelligent Technologies on the 100% acquisition of Cysiv MEA, specialists in the cyber security services sector, advised by Baker Mckenzie Egypt. Liquid Intelligent Technologies is a technology group that operates in the areas
Banking & Finance
IPOs
United Arab Emirates
White & Case advises on Al Ansari Financial Services IPO
Global law firm White & Case has advised Abu Dhabi Commercial Bank, EFG-Hermes and Emirates NBD Capital as joint global coordinators on the initial public offering (IPO) of Al Ansari Financial Services (Al Ansari), the
Global law firm White & Case and the Law Office of Megren M. Al-Shaalan have advised the arrangers and dealers on the establishment by Al Rajhi Banking and Investment Corporation of a USD4 billon Trust
Nour El-Hajjaji, a well-known lawyer in the Egyptian legal community, passed away a week ago, leaving a great void in the hearts of all who knew him. Nour’s contributions to the Egyptian legal community
Banking & Finance
Capital Markets
Egypt
ALC: Aur Leasing concludes EGP790m Securitized Bond Issuance
Private equity firm Aur Capital and Al Ahly Pharos have successfully concluded a securitized bond issuance worth EGP 790 million for Aur Leasing and Factoring. The issuance is backed by a portfolio of receivables valued at
Deal & transactions
TMT
United Arab Emirates
e& to acquire majority stake in Careem’s Super App for USD400m
Global technology and investments group e& has entered into a binding agreement with Uber Technologies and its subsidiary Careem to acquire a 50.03% majority stake in the spinout — Careem Technologies — with a USD 400
Contact Financial, an Egyptian consumer finance company, has successfully completed an EGP 1.9 billion securitized bond issuance for its consumer finance arms Contact Creditech and Contact Credit. The issuance, which is supported by an EGP 2.9 billion
